Naperville Feels Recession, Too

March 13, 1992|By Michael Martinez.

Although Naperville continues to grow and prosper, its economy has not been immune to the recession, officials said last week during a ``State of the Community`` dinner sponsored by the local chapter of the League of Women Voters.

``For every contractor that is laying off employees, another is hiring,`` said William D. Esser, president of the Central Area Naperville Development Corp.

Overall, though, Esser and other business leaders and city officials gave optimistic economic assessments at the dinner last week at the Cress Creek Country Club. The dinner also served as a fundraiser for the league.

Naperville City Manager Ronald Miller said the city is planning to cut property taxes for the second year in a row. He added that city fathers are trying to diversify commerce and business for protection against economic slumps.